Capital Markets: No ‘turning point’ yet in sight
With money flowing into stocks, hospitals feeling stress accessing bond market Have we reached an inflection point? That does not seem likely, as October was one of the most active months for IPOs since 2007. Most recently, we had the Twitter initial public offering (IPO), which minted 1,600 millionaires and generated $485 million and $1.72 […]
Capital Markets: What does the future hold for ACOs?
Return on investment looks to be shaky, but the model’s concept remains strong By now, everyone knows about the Accountable Care Organization (ACO) model, which was part in the Patient Protection and Affordable Care Act (PPACA) as part of the Medicare Shared Savings Program. Conceptually, ACOs should result in cost-savings for providers that assume certain […]
Capital Markets: Is the market in for stormy weather?
Healthcare REITs are feeling the brunt of recent interest rate uncertainty The market feels a little like the weather in the northern states just as winter arrives and a big, early season storm displaces the colors and the lingering warmth of fall. The last month or so has brought significant shifts in interest rates, market […]
Industry Pulse: Sign of maturity: More MOB portfolio sales
Proliferation of portfolio sales indicates maturation of MOB sector Editor’s Note: This is an extended version of an article that appeared in the HREI print magazine In theory, as a real estate sector matures and grows, more and more investors with deep pockets become interested. And when large real estate investment trusts (REITs) and institutions […]
Capital Markets: Are we at an inflection point?
A big increase in deals isn’t expected, but volumes tend to spike at such times A shift in the focus of the capital markets is beginning to occur, with an increasing level of discussion about the risks of rising interest rates. While most people do not expect a sharp increase in rates, two key drivers […]
Feature Story: 2013 and beyond
Last year’s top 10 stories and trends – and what they can tell us about the future By John B. Mugford In healthcare real estate (HRE), a story and a trend seem to blend together. While a big transaction involving the sale a medical office building (MOB) portfolio at a low capitalization (cap) rate is […]
Cover Story: ‘This is what change looks like’
Like it or not, healthcare real estate changed dramatically in the past 10 years. Here are our picks for the top 10 stories. By Murray W. Wolf As part of our look back at our first 10 years of publishing Healthcare Real Estate Insights™, we knew we wanted to include an article naming the top […]
Companies & People: Big finish to 2012 for Griffin-American
Unlisted healthcare REIT acquired 14 properties in December, including nine MOBs By John B. Mugford Even though there is a supposed lack of healthcare real estate facilities on the market, Griffin-American Healthcare REIT II Inc. has certainly found plenty of properties to meet its needs recently. One of the most prolific buyers of healthcare […]
Transactions: ARC Healthcare closes strong in 2012
Unlisted REIT makes six buys in December, wrapping up a busy fourth quarter By John B. Mugford As 2012 came to a close, all indications – as well as the words of medical office buildings (MOB) sales brokers and investors – were pointing to a strong fourth quarter (Q4) for the nationwide sales volume of […]
Capital Markets: Uncertainty ebbs with Obama’s reelection
Activity likely to increase now that fate of healthcare reform is largely resolved The capital markets continue to reflect the combined efforts of most major central banks to depress interest rates to promote more rapid economic growth and (hopefully) higher employment. The U.S. Federal Reserve’s efforts are meant to seek price stability and full employment, […]
Q & A: Seavest Healthcare as active as ever
PRESIDENT DOUG RAY DISCUSSES RECENT $332 MILLION SALE, FIRM’S STRATEGY By John Mugford Throughout the era in which the medical office building (MOB) sector has grown up and gained prominence as a significant asset class, White Plains, N.Y.-based Seavest Healthcare Properties has been involved as an investor in both the development and acquisition of such […]
Company Profile: Archway making its way in MOB space
BEVERLY HILLS-BASED FIRM FINDING SUCCESS WITH VALUE-ADD OPPORTUNITIES By John Mugford Value-add. For many large and active investors looking to acquire medical office buildings these days, the description is often a red flag, a reason to look elsewhere as they scour the market for high-quality, on-campus facilities with stabilized tenant rosters. However, one company making […]
Transactions: ProMed takes MOB space over hospital
INVESTOR PAYS $21.75M FOR LEASEHOLD INTEREST IN FOUR FLOORS IN BALTIMORE By John Mugford ProMed Properties, which has been an active buyer of medical office buildings (MOBs) in the eastern part of the country in recent years, has landed an acquisition in the Baltimore market. There, the North Miami Beach, Fla.-based wholly owned subsidiary of […]
Capital Markets Snapshot: Benchmark set for interest rate action
FED PLANS TO INCREASE RATES WHEN UNEMPLOYMENT FALLS TO 6.5 PERCENT By Cain Brothers The big news in the capital markets earlier this month was the announcement of further quantitative easing (QE) by the Fed. As Operation Twist, the selling of short-term Treasuries to buy longer-term bonds, has come to the end of its run, […]
Special Report: Cautious but committed
MOBs STILL IN HIGH DEMAND BY INVESTORS, LENDERS By Murray W. Wolf Medical office building (MOB) sales volume for this year seems destined for its highest level since at least 2008, as capital has continued to stampede toward what is one of the best-performing real estate asset classes. Yet, at the same time, equity investors […]
